Walmart Inc. is a multinational retail corporation based in the United States, known for operating a chain of hypermarkets, discount department stores, and grocery stores. Here's some general information about the company:
Overview:
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Founded: 1962 by Sam Walton
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Headquarters: Bentonville, Arkansas, USA
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CEO: Doug McMillon (as of 2025)
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Industry: Retail (including groceries, apparel, electronics, household goods, and more)
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Revenue: Walmart is one of the world's largest companies by revenue, surpassing $500 billion annually.
Key Facts:
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Global Presence: Walmart operates over 10,000 stores in 19 countries, with the largest operations in the United States, Canada, and Mexico.
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Employees: The company employs over 2 million people worldwide, making it one of the largest employers globally.
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Business Model: Walmart’s focus is on providing customers with a wide range of products at low prices, often using its size and scale to negotiate lower prices from suppliers.
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E-commerce: Walmart has been increasingly investing in its online presence to compete with e-commerce giants like Amazon. It operates a significant e-commerce platform in several countries.
Key Divisions:
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Walmart U.S.: Focuses on retail operations in the U.S., including both physical stores and e-commerce.
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Walmart International: Operates stores in 18 countries, with a focus on markets like Mexico, Canada, Chile, and China.
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Sam's Club: A membership-based warehouse chain offering bulk products and services at discounted prices.
Business Strategy:
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Low Prices: Walmart is renowned for its "Everyday Low Price" strategy, which aims to make goods affordable to the broadest range of customers.
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Sustainability: Walmart is actively pursuing sustainability initiatives, including reducing greenhouse gas emissions, promoting sustainable sourcing, and working towards zero waste in its operations.
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Technological Innovation: The company invests heavily in technology to improve logistics, customer service, and e-commerce operations, including artificial intelligence, robotics, and automation.
Walmart has maintained its position as a leader in the global retail market by continually adapting to customer needs and market trends, all while keeping costs low.